Neymar, Nike part ways after 15 years

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[RIO DE JANEIRO] Nike has parted ways with Neymar, ending one of its highest-profile sponsorship deals a decade and a half after signing the star striker as a 13-year-old prodigy. Read more at The Business Times.

It said negotiations between the company and the footballer's agents had run into trouble months ago.Brazilian newspaper Folha de Sao Paulo said Neymar's last deal with Nike was an 11-year contract that was set to expire in 2022, worth a total US$105 million.

Neymar signed his first deal with Nike as a youth standout at Brazilian side Santos, which sold him to Barcelona in 2013. But his brand, already blemished by tax fraud allegations over his murky transfer to Barca, was badly dented last year when a Brazilian woman accused him of raping her.

Source: News Formal (newsformal.com)

 

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